Median home price in Las Vegas up to $170k in May

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 6/10/2013 11:33 am

LAS VEGAS (AP) — Home prices in Las Vegas keep on climbing.

Statistics released Monday by the Greater Las Vegas Association of Realtors show the median home price in southern Nevada in May was $170,000. That's up nearly two percent from a month earlier, and up almost 33 percent from a year ago.

Prices are rising as inventory stays short. Realtors report only five weeks' worth of homes up for sale.

More sales are traditional, rather than short sales or foreclosures. The association reports about 32 percent of homes are short sales, a little more than 10 percent are bank-owned, and the rest are standard sales.

Association president Dave Tina says he doubts home prices will continue rising at their current pace, but he suspects there's still room for increases in the near future.

 

©2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
NEWSCASTS ON DEMAND

What's On

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.